Trading & Investment

ASIC Probes ANZ Over Treasury Bond Issuance

14/05/2024

ASIC suspects ANZ breached the law while serving as a risk manager for a government bond issuance last year.

Clearing & Post-Trade

Regulators Announce Enhancements to Swap Connect

14/05/2024

The enhancements will enrich the tradeable products, improve ancillary services, and reduce investor participation costs.

Anti-Money Laundering

New Zealand DIA Issues Formal AML Warning to Lawyer

13/05/2024

The lawyer failed to establish, implement and maintain an AML/CFT programme, conduct on-going CDD, and report transactions.

AI Risk & Governance

Australia FSC Forms Expert Group on ‘Digital Advice’

13/05/2024

The expert group will support financial advice reforms and the development and growth of the digital advice sector.

Conduct, Culture & Accountability

AFCA, CSLR Set Out Arrangements for “Collaborative Relationship”

10/05/2024

AFCA signed an MoU with CSLR Ltd, the authorised operator of the new Compensation Scheme of Last Resort.

Supervision & Enforcement

Advice Fee Deducted from Super Funds are Too High: ASIC

09/05/2024

ASIC says trustees need to improve their oversight of advice fee deductions from super fund accounts.

Market Abuse

ASIC Fines JP Morgan Unit for Failure to Detect Suspicious Trades

09/05/2024

The case highlights that market participants “cannot solely rely on automated trade monitoring systems” to detect potential misconduct.

Structural Regulation

HKMA to Relabel ‘Virtual Banks’ as ‘Licensed Digital Banks’

09/05/2024

The proposal is aimed at addressing negative connotations associated with the term “virtual bank” in Chinese.

Supervision & Enforcement

BNM Fines 14 Banks Over Erroneous Statistical Submissions

09/05/2024

The reporting failures were caused by unresolved technical issues and inadequate operating procedures.